RBC Capital Believes Duke Energy Corp (NYSE: DUK) Still Has Room to Grow

By Ryan Adsit

RBC Capital analyst Shelby Tucker reiterated a Buy rating on Duke Energy Corp (NYSE: DUK) on August 27 and set a price target of $87. The company’s shares closed yesterday at $87.42, close to its 52-week high of $87.75.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.7% and a 80.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and Public Service Enterprise.

Duke Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of $86.33.

Based on Duke Energy Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.56 billion and quarterly net profit of $686 million. In comparison, last year the company earned revenue of $5.48 billion and had a net profit of $509 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Duke Energy Corp. engages in electric power and gas distribution operations, and provides other energy related services. It operates its business through the following segments: Regulated Utilities, International Energy, and Commercial Portfolio.